If you cannot afford to pay, there is another option to sacrificing monthly essentials for credit card debt settlement payment plans. Non-payment is not as scary as you think. I did it for 000 in credit card debt. Instead of prolonging your suffering, help yourself. Get started with my free tips, 11 Reasons Why You Can Survive the Non-Payment of credit card debt. credit-card-debt-relief-4u.com We have all heard the radio advertisements for debt settlement firms promising to eliminate credit card debt. Unfortunately for the people that hire them, these companies do a much better job of selling their services than they do eliminating credit card debt. Debt settlement firms charge too much for their services for the average consumer debtor to be able to afford to pay off a reduced-balance credit card debt before it charges off and is sold. They want 00-2400 to settle 000 of debt. And they want to be paid first! They advise you to stop making credit card payments and to pay them instead, saving money in their account for an eventual settlement. Debt settlement firms do not deliver what they promise, according to MSNBC. Some credit card banks will not even work with debt settlement firms, according to the Wall Street Journal. When it is all said and done, DIY (do-it-yourself) is the best way to eliminate credit card debt by settling for reduced lump sums. That way the consumer has control of the situation and a better chance to actually achieve credit card debt relief …

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debtconsolidationcc.com – learn how to reduct your credit card debt. Get advice from the expert.
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Being in debt is the biggest detriment to creating wealth. Learn how to fix that problem today. Link to my website: www.lulu.com
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San Diego, CA (PRWEB) January 05, 2012

Matrix Direct, a leading direct marketer of term life insurance, offers tips on how consumers can help protect their family and loved ones during the coming year with reliable term life insurance coverage. The new year is typically a time when Americans set new goals, so it’s a great time to think about helping protect a family’s financial future.

By buying a term life insurance policy or another type of life insurance, consumers may find greater peace of mind knowing that their spouse, children, and others who depend on them financially will have some help when they are no longer there to provide.

While no amount of money can ever bring a deceased loved one back or erase the emotional pain caused by a death in the family, a life insurance policy can help ease the financial burden left on surviving family members.

Life insurance proceeds commonly are used to pay for outstanding mortgages or student loans, college funds, or for a surviving spouse to use in order to maintain a standard of living.

When consumers are ready to make 2012 the year they helped protect their family’s future, they should contact a Matrix Direct licensed life insurance agent for answers to questions, information and advice about what type of life insurance is best for them, and best of all, free and reliable life insurance quotes.

Top Five 2012 Resolutions

According to a recent online survey1, the top five resolutions made in the United States for 2012 are:    

● Be financially-savvy

● Read at least one book per month

● Eat more healthy foods

● Get enough sleep

● Keep a journal

Another recent survey by the U.S. government2 found these are some of the most popular New Year’s resolutions being made by Americans:

● Drink Less Alcohol

● Get a Better Education

● Get a Better Job

● Get Fit

● Lose Weight

● Manage Debt

● Manage Stress

● Quit Smoking

● Reduce, Reuse, and Recycle

● Save Money

● Take a Trip

● Volunteer to Help Others

Commonly Broken Resolutions

Let’s face it: Most New Year’s resolutions are broken long before the end of the year, if not by the end of January. How many people have joined a gym on January 1st with the best intentions of keeping on track toward better health, only to find the gym pass buried in a pile of fast-food trash by February?

According to a Time magazine survey3, the most commonly broken resolutions are:

● Lose Weight and Get Fit

● Quit Smoking

● Learn Something New

● Eat Healthier and Diet

● Get Out of Debt and Save Money

● Spend More Time with Family

● Travel to New Places

● Be Less Stressed

● Volunteer

● Drink Less

About Matrix Direct

Matrix Direct, Inc. is one of the country’s leading life insurance agencies. Over five million Americans have contacted Matrix Direct for the best term life insurance quotes. Matrix Direct, Inc. is a subsidiary of American General Life Insurance Company, Houston, TX and an affiliate of The United States Life Insurance Company in the City of New York, NY, NY. Agency services provided by Matrix Direct Insurance Services in CA (#0B57619), ME, MA, and OK; Matrix Direct Insurance Agency, Inc. in UT; and Matrix Direct, Inc. in AR(#246412) and all other states, except SD.

Sources:

1: http://www.slideshare.net/RESOLUTIONSNEWYEAR2012/resolution-for-new-year-2012-tips-for-resolutions-for-new-year-2012. December 12, 2011.

2: http://www.usa.gov/Citizen/Topics/New-Years-Resolutions.shtml. December 15, 2011.

3: http://www.time.com/time/specials/packages/completelist/0,29569,2040218,00.html. December 20, 2011.

###

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After a massive international campaign to highlight the impact of foreign debt, the Heavily Indebted Poor Countries (HIPC) initiative is underway. But can it meet its expectations and make sure the debt relief benefits the poorest people? This text examines these issues, and address many other related factors.
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Whether you are purchasing a home or applying for a car loan, credit plays a huge role in your daily life. Building Better Consumer Credit is designed to teach you the necessary concepts behind credit, debt management and credit reports. Learn more at www.consumercredit.com
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The Federal Reserve Tuesday, in its monthly report on consumer credit – also called the G.19 – said that $ 7.8 billion in revolving credit balances disappeared in February, an annual rate of 9.7 percent. Revolving credit as defined by the Fed is comprised principally of credit cards.

Young Kim, an analyst for Stone & McCarthy Research, wrote in an investment note that the contraction represents “less available credit, less consumer demand for credit, and consumers’ new found propensity to pay down debt.”"

http://www.insidearm.com/go/arm-news/credit-card-debt-shrinks-at-fastest-rate-in-30-years-in-february

http://www.nasdaq.com/newscontent/20090408/Americans-paying-down-more-of-their-debts.aspx?storyid=19115263

Best answer:

Answer by N dimentional brontosaur
A transient change in behavior driven by fear. Most Americans will return to their usual spending habits as soon as they feel safe again.

Add your own answer in the comments!

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So after talking to a “friend” he was telling me that he’s in realestate and that he could help me get on my feet while improving my credit score, so when I graduate from college I would qualify for things! So I was to purchase a house and receive 6000 at closing 2000 of which would be invested in order to pay off the taxes for the year. I wasn’t planning on living in the house for two more years, until I graduated from college. I used the 4000 to pay my rent in my apt for the rest of the year and that made my bills a lot more manageable for the time being, that was until I found out that the “management company” was not collecting the rent. Although I had been receiving NOTICES and receipts for payment! From what I understand the house went into foreclosure, I never even had a set of keys! I had known this guy since i was a little girl and I can’t believe he scammed me. He’s a close family friend!

After reading up on the situation, Iearned that I was in the wrong for saying that I was going to live in the house when I wasn’t planning to. Now I have a foreclosure and debt because of the furniture . I was just trying to make life normal for my little brother and I, but I ended up ruining mine! I don’t know what to do, where to go, who to turn to! I dont have the financial stability to hire a lawyer and at this point I am being sued by HSBC for the furniture, but I have no way to pay them, nothing to pay them. I can’t even settle because I don’t have the money. I live in Michigan and finding a job is virtually impossible, literally I have applied everywhere from department stores to office buildings and no one wants me because of my lack of FULL TIME job experience (I have been a student and worked 35 hr/wk for the last 4 years) . Please help me!
If I don’t file for bankruptcy, how long will this foreclosure loom over me and what are my responsibilities concerning the foreclosure? How will the taxes pay out? I don’t even know who to contact on this

HSBC has already served a summons, how can I handle it from here. I regret the fact that I let myself get screwed and in so deep in this matter Ive been fending for myself since 17 (right about the time when I was supposed to learn how to properly transition into adulthood) I dont want to make another stupid mistake, I am already in over my head!!!

As for bankruptcy as an option, what does this do to the foreclosure? I think that with all of this stuff added up I’m over 100,000 in debt, not to include the student loans that I have to start paying back ( I know I can’t get rid of those).

I’m only 22, and I dont want to ruin the rest of my life! The last five years have been horrid enough.

Best answer:

Answer by James F
You need to file for bankruptcy right away. Find a lawyer. It will probably cost around $ 300. Once you have paid the lawyer, you tell all your debtors that you have retained a lawyer and are filing chapter 7 bankruptcy. They MUST stop calling you and deal only with the lawyer.

If you are short of cash, mow lawns, wash cars, etc. What does your resume look like? Make it look better. If people won’t hire you, tell them “Look, I will volunteer for a week – no pay – 8 hours a day. Try me out. If you don’t like me, let me go. Otherwise, hire me. Deal?” Be ready to work at any interview you go to – dressed sharp, ready to hit the floor.

Take part time work if you have to.

Heck, you could probably pan handle in front of stores for a while to make a few bucks. I know it sounds stupid, but make a cardboard sign and put your story on there – lost house, lost job, need $ 300 for bankruptcy lawyer. Hire me!” and hand out your resume at some street corner. People get hired like that all the time, just for getting out and DOING something!

And don’t worry, this will all go away. It’s a TEST to see if you’re ready for life. I’ve been through it twice, and now things are fine (I’m 40 now, filed chap 7 at 23.)

Good luck!

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